Examples of Variable Rate Security in a sentence
A Variable Rate Security, the principal amount of which is scheduled to be paid in more than 397 calendar days, that is subject to a Demand Feature, shall be deemed to have a maturity equal to the longer of the period re- maining until the next readjustment of the interest rate or the period remain- ing until the principal amount can be recovered through demand.
A Variable Rate Security, the principal amount of which, in accordance with the terms of the security, must uncon- ditionally be paid in 397 calendar days or less shall be deemed to have a matu- rity equal to the earlier of the period remaining until the next readjustment of the interest rate or the period re- maining until the principal amount can be recovered through demand.
A Government Security that is a Variable Rate Security where the vari- able rate of interest is readjusted no less frequently than every 397 calendar days shall be deemed to have a matu- rity equal to the period remaining until the next readjustment of the in- terest rate.
The Record Date with respect to any Interest Payment Date for a Variable Rate Security shall be the date 15 calendar days (whether or not a business day) preceding such Interest Payment Date.
These dilution effects have been calculated based on the total number of financial instruments of the Company with voting rights attached (including all shares to be issued upon the exercise of all existing warrants, also with conditional clauses included) immediately prior to the Transaction.